Both Ethereum and Bitcoin had run their course through the timeframe of about 12 days for each of the 9 different sections of the arrays. As the arrays get lighter and more faint the price gets closer to reaching the moment of regenerative investment. The price of both Ethereum and Bitcoin were so close to the most faded section of the array. I kept waiting...
The chart pattern shows a strong support level and bottom formation. This, combined with a 4-hour Bullish Divergence, indicates that XAI/USDT has significant potential for an upward price movement.
NZD/USD is my favorite pair for the coming week. The trading setup is valid if it breaks its current support and comes back for a retest. This time, I will use two different TPs, with the SL above the previous weekly high, and a 1:1.6 RR.
With the expected easing in the DXY, we anticipate an upward movement in AUD/USD. Technically, before this movement begins, the price might retest the previous low at the Fibonacci 38.2% level. If the 38.2% level breaks, it could test the 50% and 61.8% levels. We recommend waiting for the price to reach the 38.2% level before entering a trade. Even if you see...
We got the expected downside, and then some. My primary count consider black C should be in its final stages, which could give us a great long opportunity. But I don't trade waves, I trade price action, so let´s be patient and wait for some sort of reversal.
Bitcoin looking like a moose out in there in the wild. Looks to be sum while before the solid is underneath the stepline with breaks which would signal a coming difference in price for positive remainders. Bitcoin is of course like no other crypto. The points at which the two lines cross paths means the price is falling or rising in the near future. As you can see...
BTC/USDT Binance 1D Hollow Candlesticks After a price correction, a support area results from extending the golden ratio of the last Fibonacci retracement. Also, there are multiple resistance levels, with the price needing to break $73.777 to move higher. A symmetrical triangle chart pattern has been formed, as it is a period of consolidation before the price...
• Month and quarter-end flows to impact price action • The US Presidential elections kick up a gear • Managing risk around the French 1st round vote • US Core PCE is the marquee data point of the week • Australia's monthly CPI a potential kicker for the AUD • Central bank meetings due this week • Long MXN back in vogue For the week ahead there is a fair...
A very strong past couple weeks for crude oil. Would like to see a pullback into daily demand ~ $78 for a potential buying opportunity. I believe we eventually shoot for untested supply above ~ $84.
Dollar has been trending higher every since breaking out of the daily bull flag. We have overhead resistance and an unfilled daily gap above. I would assume those act as a magnet, putting equities at potential risk for the time being.
Xauusd had a change of structure and as we can see we have a strong bearish movement so we expect price to sell more after a reversal to the support we're the market broke out from
Xauusd had a change of structure and as we can see we have a strong bearish movement so we expect price to sell more after a reversal to the support we're the market broke out from
Trading Idea: Short GBP/AUD Reason : Bearish short-term trend; broken current support; approaching strong support. Setup valid if it doesn't trade below the last weekly low. RR -> 1:1.7, SL -> above 0.78 Fib, TP -> current support Expecting a sharp retracement. Will update as the trade develops.
☑Pair Name : GBP/NZD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✔️Bearish Break 2.06600...
Same idea as $NQ. Last week's low at 19 must hold. Otherwise, we can see 1.5-2% retracement. Buy zone of interest below labelled as green box. Around $5392-5442.
The expectation of one rate cut in 2024 was realized after the FED skipped a rate cut in June. With the realization of this expectation, we may see downward profit-taking in the DXY. In the future, this easing could cause a period of sideways movement between the 104-106 range, depending on inflation and unemployment data. Based on the data flow and the break of...
If last week's low of 914.25 breaks, possibility of 1.5-2.5% retrace. Large buy zone of interest (green box) around $300-500